Climate Finance and Carbon Markets: Prime Minister calls for a national framework

Prime Minister Sifi Ghrieb stated that Algeria is pursuing a strategic vision that balances national development with environmental obligations. Speaking at a conference in Algiers, he highlighted the country's progress, including the integration of climate action into the 2020 Constitution and the 2023 green hydrogen strategy. Algeria aims to reduce greenhouse gas emissions by 14% to 31% by 2035. The Prime Minister emphasized that carbon markets represent an economic opportunity for investment and technology transfer, provided that the country remains focused on institutional readiness and technical integrity. He stressed the importance of a structured approach to ensure a just energy transition while safeguarding the nation's energy security.